I wasn't the only one covering Google's
I was particularly intrigued by CNBC's approach: It profiled a list of the S&P 500's best and worst performers since Google's market debut on Aug. 19, 2004.
As of last night's close, there are just six components of the 500-stock index that have delivered meatier gains than Google.
| Company |
8/19/2004 |
8/19/2009 |
Change |
|---|---|---|---|
|
Apple |
$15.36 |
$164.60 |
972% |
|
Intuitive Surgical |
$24.48 |
$222.51 |
809% |
|
Southwestern Energy |
$4.31 |
$38.74 |
799% |
|
Range Resources |
$9.91 |
$49.81 |
403% |
|
Monsanto |
$18.13 |
$81.79 |
351% |
|
Western Digital |
$7.17 |
$32.10 |
348% |
|
|
$100.34 |
$443.97 |
342% |
Source: Yahoo! Finance.
It's an odd collection of market-beaters, with everything from operating-table gadgetry to a hard-drive maker.
It's also only fair to point out that the actual S&P 500 index didn't benefit from all of these long balls.
In fact, only Apple and Monsanto were index constituents when Google went public five years ago. Google was added two years later. Range Resources was called up in 2007. Intuitive Surgical and Southwestern Energy didn't make the cut until last year. Western Digital wasn't a part of the iconic index until this very summer.
In other words, it's not as if the S&P 500 got it right. It had to chase many of these stocks well into their meteoric runs.
This actually makes Google's run that much more impressive, since only Apple and Monsanto can claim to have had better runs as part of the S&P 500.
No one is suggesting that Google's next five years will have the same kind of sparkle as the last five years. The search engine has matured somewhat, with its once-breakneck growth rate slowing considerably.
It's still in good company, though -- no matter where you draw the S&P 500 guidelines.
Read up on Google:
- Google had a decent quarter last month.
- It went public five years ago.
- I can make you rich in three years.
